Part 8/9:
Another significant impediment is India's outdated infrastructure. The current logistics and transportation network suffers from inefficiency, with goods trains running at an average speed of just 25 km/h compared to 45 km/h in China. This stark contrast prolongs transit times, heightening costs and stressing the country’s manufacturing capabilities.
A Workforce in Need of Upskilling
While India boasts a vast labor pool, the majority of these workers lack the requisite skills for modern manufacturing jobs. Only about 2% of the workforce holds formal professional certifications, and merely 5% have undergone any formal training. In contrast, countries like China, South Korea, and Japan have invested substantially in upskilling their workforce, leaving India lagging significantly behind.